I'm no business-world genius, but I'm smart enough to know that Warren Buffet is. Seems to me the guy from Omaha has a pretty good sense of what will make money and what won't.
So what did he say about newspapers?
They're in permanent decline.
I can't help but wonder about the Star's beautiful new printing press. Is that going to become a financial albatross around their neck?
If I were still working for a local news outlet, I'd be pouring over documents made public in the Knight-Ridder sale to find out how much they owe on that thing.
Again, I wonder about their web presence. Are they going to put as much effort into making their website look good as they are into their print product?
To me, Buffet's warning seems obvious. I don't subscribe to the paper and I doubt I ever will again. It's big and awkward, too demanding physically. I can't scan it digitally. I have to clean my hands I after I read it. And every week I've got to lub a heavy pile of the old news out to the curb.